Tag: Bitcoin

Weekend market tumult triggers record number of crypto futures liquidations

This weekend’s market turmoil resulted in the triggering of roughly 864,000 crypto futures liquidations, a new single-day record according to data collected by The Block. As shown in the chart below, about 70 percent of those liquidations — some 613,000 — occurred on crypto exchange Binance. In total, $8.46 billion in long liquidations occurred on […]

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OFAC Escalates Russian Sanctions Listing Bitcoin Addresses, US Treasury Crypto Crackdown Rumors Spread

Rumors concerning the U.S. Treasury cracking down on several financial institutions over money laundering has been spreading like wildfire on social media and forums. There’s been no formal announcement from the U.S. entity and at this stage, the news is widely considered FUD. However, some are assuming the hearsay stems from the recent Russian sanctions […]

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Chinese Police Confiscated $3.8 Million in Crypto After Arresting EOS Gambling dApp Team

Chinese police officers have confiscated nearly $4 million in various cryptocurrencies after a raid against several developers that operated a decentralized gambling app built on the EOS blockchain. $3.8 Million in Crypto Seized After receiving tips of suspected illegal activity involving the developers of the dApp called Biggame, the Jiangsu police department opened an investigation. […]

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Max Keiser: As Predicted, Ray Dalio Admits BTC Has Proven Its Place in Portfolios

From criticizing bitcoin for failing the purposes of money and suggesting a potential ban to comparing it with gold and, most recently, indicating BTC has proven its place in investment portfolios – Ray Dalio’s mind on the cryptocurrency seems to be changing. Interestingly, Max Keiser foresaw this development months ago. Ray Dalio’s BTC Evolution Along […]

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The Grayscale Bitcoin Trust on Track to Surpass the Largest Gold ETF: Bloomberg

The Grayscale Bitcoin Trust is on route to surpass the largest gold-tracking ETF in the following few months, suggested Bloomberg’s senior commodity strategist, Mike McGlone. The analyst also outlined the ongoing digitalization phase as the primary reason behind BTC’s success. GBTC on its Way to Surpass SPDR Gold Shares McGlone took it to Twitter to […]

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The Investor Who Turned $300 Million to $2.4 Billion Investing in Coinbase

Just a day after its official public listing, Coinbase is already creating multi-billion-dollar success stories. The popular angel investor and founder of Initialized Capital, Garry Tan, told his story in which he turned a $300,000 invested in Coinbase upon the company’s launch into $2.4 billion. Tan’s Initial Story with Armstrong and Coinbase Long before Coinbase […]

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‘Ossification Is Stupid:’ Bitcoin Development Controversy Strikes ‘Speedy Trial’ Taproot Activation

The well known software developer Luke Dashjr is in the midst of controversy over how to upgrade the Bitcoin network in order to add the Taproot protocol. Bitcoin Core developers want to upgrade with “Speedy trial,” which will allow miners to push the feature through. However, Luke Dashjr wants to upgrade in a different manner, […]

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